How to navigate through the #BitcoinHalving 2024.
18 Apr 2024, 02:35
How to navigate through the #BitcoinHalving 2024?
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Bitcoin halving, where miners’ rewards are halved, occurs after every 210,000 blocks are mined (approximately every four years).
The primary purpose of Bitcoin halving is to control the supply of new bitcoins entering the market, thereby influencing Bitcoin’s scarcity and potentially driving its value up.
Bitcoin halving influences not only the price of Bitcoin itself, but also the dynamics of other digital assets.
The first halving occurred in November 2012, followed by subsequent events in July 2016 and May 2020, and each milestone was accompanied by distinct price movements that offer valuable lessons for anticipating the future.
While no one can predict the outcome of future events, market analysts and industry experts have a wide range of predictions and projections regarding the potential impact on Bitcoin’s price and market dynamics for the 2024 halving event.